One of the Properties of the OLS Estimator Is

question 9

Multiple Choice

One of the properties of the OLS estimator is

• A)X = 0k+1.
• B)that the coefficient vector has full rank.
• C) (Y - X )= 0k+1.
• D)(
• X)-1= Y

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Definitions:

Individual Consumer Surplus

The net gain to an individual buyer from the purchase of a good; equal to the difference between the buyer’s willingness to pay and the price paid.

Selling Haircuts

The commercial activity of providing hair cutting and styling services to customers for a fee.

Efficiency

The degree to which resources are allocated in a way that maximizes productivity and minimizes waste or inefficiency.

Equity

Fairness or justice in the way people are treated or in the distribution of resources, or ownership interest in a company or property.